RAINTREE PARK2 in Seberang Perai Selatan, Penang recorded 12 subsale transactions in 2022, with a median price of RM 530K and a median price per square foot (PSF) of RM 308.
This area consists exclusively of residential properties, with no commercial listings recorded.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 530K, with most transactions falling within a stable range of RM 485K to RM 500K, and a typical market range of RM 455K to RM 500K.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
The median PSF stands at RM 308, with core pricing between RM 253 and RM 363. Market pricing typically extends from RM 259.00 to RM 357.00, reflecting moderate variation in unit pricing. The spread of RM 98.00 (IQR) and deviation of RM 55 (MAD) suggest moderate price variations reflecting different property features.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Limited transaction history suggests carefully evaluating comparable sales data.
